#Honda Cars India Sales Report
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Honda Cars India records 7,902 domestic sales in December 2023
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered domestic sales of 7,902 units with a growth of 12% and export of 3,749 units with a growth of 170% during Dec’23 in comparison to same period in previous year. The company had registered 7,062 units in domestic sales and exported 1,388 units in Dec’22.
Sharing thoughts on monthly performance, Mr. Yuichi…
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#Cars in India#Honda Car Sales December 2023#Honda Cars#Honda Cars India#Honda Cars India Sales Report#Honda Cars Sales December 2023
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Honda hi Honda!!
Honda has revealed its second fully electric vehicle in the global market. It is called e.Ny1 and was showcased at its European Media Event in Offenbach, Germany. The first fully-electric Honda car that is on sale in Germany is the e city car which is known for its quirky design language.
Task at hand- You are the CMO of Honda Cars India Ltd. and you have to launch the same car in the Indian segments with various marketing strategies and prepare the phase wise marketing plan and also choose the ambassador you’ll choose for the campaign of honda in the above ad.
Deliverables-
Detailed report on the different marketing strategies catering to the target audience (include the brand ambassador )
Marketing campaign
Phase Wise implementation plan
Project’s budget sheet for the marketing expenses
PPT including STP, SWOT, PESTLE analysis and Product Life Cycle
Deadline:- 11:00 PM ( 17th October)
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Multi-Layer Ceramic Capacitor Market | Automotive-led Expansion
Amidst the electronic components, Multi-Layer Ceramic Capacitors (MLCC) stand out for their critical role in modern technology. Annually, over 2 trillion MLCCs are produced, which makes them indispensable in electronic devices. Thus, their massive adoption prompts evident market growth. In this regard, Triton’s research states that the Global Multi-Layer Ceramic Capacitors Market is estimated to rise at a CAGR of 6.79% over the forecast period 2024-2032.
The Asia-Pacific region stands at the forefront of the automotive sector, led by major South Asian countries housing some of the world’s largest automotive manufacturers, including Toyota, Honda, Hyundai-Kia, and Nissan. Featuring this growth potential, our analysts predict that the Asia-Pacific Multi-Layer Ceramic Capacitor Market to be the fastest-growing region with a 6.96% CAGR during the forecast years 2024-2032.
Explore in detail about this market in our FREE sample: https://www.tritonmarketresearch.com/reports/multi-layer-ceramic-capacitor-market#request-free-sample
Multi-Layer Ceramic Capacitor Market: Prominent Utility in EVs
Our recent report states that, in terms of end-users, the automotive segment is expected to witness a CAGR of 6.82% over the forecast period 2024-2032. One of the main factors driving the demand for MLCC in the automobile industry is the growing popularity of electric vehicles. In fact, the adoption of ceramic capacitors is driven by:
Increasing Demand for Electronic Components in Vehicles: As modern vehicles are highly reliant on electronic components, it directly translates into increased demand for MLCCs. Their incorporation in infotainment systems, engine control units (ECUs), advanced driver-assistance systems (ADAS), and connectivity features, MLCC are vital within these systems.
Miniaturization and Integration: Low-range MLCCs offer high capacitance in a small footprint, making them ideal for applications. As automotive manufacturers strive to make vehicles lighter, more fuel-efficient, and technologically advanced, there is a trend towards miniaturization and integration of electronic components.
Need help decoding the market growth? Connect with our experts for a simplified analysis!
MLCC Market: Government Boosts in the Automobile Sector
Governments in several countries are implementing various strategies to stimulate the growth of the automobile sector, particularly focusing on electric vehicles and smart automotive technologies. Some of these measures include:
Subsidies and Tax Incentives: New Zealand’s objective is to have 35% of new EV registrations by 2035. In parallel with the introduction of EV incentives, the government also implemented a ‘UTE Tax’ of over $5600 on every new UTE sale. This tax is intended to promote and fund the EV incentive scheme.
Investment in Charging Infrastructure: According to Germany Trade & Invest (GTAI), the German government announced a solid investment of about $960 million in July 2023. This amount was bifurcated among private households and assisted companies in creating and installing EV charging infrastructure.
Research and Development Grants: The government in Turkey is providing grants and funding for R&D in advanced automotive technologies, including battery technology, fuel efficiency, and emission reduction technologies, which in turn increases the demand for MLCCs in these applications.
Adherence to Legally Binding Targets: The UK Government has taken a bold step by declaring a ban on the sale of internal combustion engine cars and vans by 2030. This move positions the UK as the first country among the G7 nations to achieve net-zero emissions by 2050.
Latest Budget Allocation: In India, the recent Budget 2024-25 highlights the big boost for Production Linked Incentives (PLI) in the automotive sector. The government announced a massive seven-fold increase of about ₹3,500 crore.
Moving Forward: Innovations Fostering MLCC Adoption
Innovation remains a key driver, with companies continuously working to enhance the performance and reliability of their capacitors. For instance, Murata Manufacturing Co Ltd introduced the world’s smallest and highest capacitance MLCCs, catering to the growing demand for more efficient, reliable, and compact components in all sectors of technology. Other recent innovations made in the market are:
High Capacitance MLCCs: Companies are developing MLCCs with higher capacitance values in smaller sizes, catering to the need for compact yet powerful components in electronic devices.
Improved Temperature Stability: Advances in materials and manufacturing processes have led to MLCCs that offer better performance across a wider range of temperatures, making them suitable for more demanding applications.
Enhanced Reliability: New formulations and layering techniques have resulted in MLCCs with improved reliability and longer lifespans, even under harsh conditions.
Thus, fueled by the relentless demand for EVs, more advanced and efficient electronic devices, and the continuous innovation by manufacturers, sets a promising path for the MLCC market growth. Similarly, with active government policies in various countries, stakeholders within this market aim to transform its potential in the coming years.
Grab a quick read to understand the global analysis of the MLCC market: https://www.tritonmarketresearch.com/pressrelease-details/multi-layer-ceramic-capacitors-market-analysis
FAQs
Q.1) How big is the Multi-Layer Ceramic Capacitor (MLCC) Market?
A: The global multi-layer ceramic capacitor market gained $12431.05 million in 2023 and is expected to generate $23863.36 million by 2032.
Q.2) What are the different Multi-Layer Ceramic Capacitor Types?
A: The different multi-layer ceramic capacitor types include array, general capacitor, mega-cap, serial construction, and other types.
Q.3) What is the voltage limit of a ceramic capacitor?
A: Ceramic capacitors are able to handle high power and high voltages. The power ceramic capacitors are especially recognized for high voltage ratings, which are ranging from 2kV to 100kV.
#MultiLayerCeramicCapacitorsMarket#MultiLayerCeramicCapacitors#ICT#Semiconductor#TritonMarketResearch#MarketResearchReport
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Multi-Layer Ceramic Capacitor Market | Automotive-led Expansion
Amidst the electronic components, Multi-Layer Ceramic Capacitors (MLCC) stand out for their critical role in modern technology. Annually, over 2 trillion MLCCs are produced, which makes them indispensable in electronic devices. Thus, their massive adoption prompts evident market growth. In this regard, Triton’s research states that the Global Multi-Layer Ceramic Capacitors Market is estimated to rise at a CAGR of 6.79% over the forecast period 2024-2032.
The Asia-Pacific region stands at the forefront of the automotive sector, led by major South Asian countries housing some of the world’s largest automotive manufacturers, including Toyota, Honda, Hyundai-Kia, and Nissan. Featuring this growth potential, our analysts predict that the Asia-Pacific Multi-Layer Ceramic Capacitor Market to be the fastest-growing region with a 6.96% CAGR during the forecast years 2024-2032.
Explore in detail about this market in our FREE sample: https://www.tritonmarketresearch.com/reports/multi-layer-ceramic-capacitor-market#request-free-sample
Multi-Layer Ceramic Capacitor Market: Prominent Utility in EVs
Our recent report states that, in terms of end-users, the automotive segment is expected to witness a CAGR of 6.82% over the forecast period 2024-2032. One of the main factors driving the demand for MLCC in the automobile industry is the growing popularity of electric vehicles. In fact, the adoption of ceramic capacitors is driven by:
Increasing Demand for Electronic Components in Vehicles: As modern vehicles are highly reliant on electronic components, it directly translates into increased demand for MLCCs. Their incorporation in infotainment systems, engine control units (ECUs), advanced driver-assistance systems (ADAS), and connectivity features, MLCC are vital within these systems.
Miniaturization and Integration: Low-range MLCCs offer high capacitance in a small footprint, making them ideal for applications. As automotive manufacturers strive to make vehicles lighter, more fuel-efficient, and technologically advanced, there is a trend towards miniaturization and integration of electronic components.
MLCC Market: Government Boosts in the Automobile Sector
Governments in several countries are implementing various strategies to stimulate the growth of the automobile sector, particularly focusing on electric vehicles and smart automotive technologies. Some of these measures include:
Subsidies and Tax Incentives: New Zealand’s objective is to have 35% of new EV registrations by 2035. In parallel with the introduction of EV incentives, the government also implemented a ‘UTE Tax’ of over $5600 on every new UTE sale. This tax is intended to promote and fund the EV incentive scheme.
Investment in Charging Infrastructure: According to Germany Trade & Invest (GTAI), the German government announced a solid investment of about $960 million in July 2023. This amount was bifurcated among private households and assisted companies in creating and installing EV charging infrastructure.
Research and Development Grants: The government in Turkey is providing grants and funding for R&D in advanced automotive technologies, including battery technology, fuel efficiency, and emission reduction technologies, which in turn increases the demand for MLCCs in these applications.
Adherence to Legally Binding Targets: The UK Government has taken a bold step by declaring a ban on the sale of internal combustion engine cars and vans by 2030. This move positions the UK as the first country among the G7 nations to achieve net-zero emissions by 2050.
Latest Budget Allocation: In India, the recent Budget 2024-25 highlights the big boost for Production Linked Incentives (PLI) in the automotive sector. The government announced a massive seven-fold increase of about ₹3,500 crore.
Moving Forward: Innovations Fostering MLCC Adoption
Innovation remains a key driver, with companies continuously working to enhance the performance and reliability of their capacitors. For instance, Murata Manufacturing Co Ltd introduced the world’s smallest and highest capacitance MLCCs, catering to the growing demand for more efficient, reliable, and compact components in all sectors of technology. Other recent innovations made in the market are:
High Capacitance MLCCs: Companies are developing MLCCs with higher capacitance values in smaller sizes, catering to the need for compact yet powerful components in electronic devices.
Improved Temperature Stability: Advances in materials and manufacturing processes have led to MLCCs that offer better performance across a wider range of temperatures, making them suitable for more demanding applications.
Enhanced Reliability: New formulations and layering techniques have resulted in MLCCs with improved reliability and longer lifespans, even under harsh conditions.
Thus, fueled by the relentless demand for EVs, more advanced and efficient electronic devices, and the continuous innovation by manufacturers, sets a promising path for the MLCC market growth. Similarly, with active government policies in various countries, stakeholders within this market aim to transform its potential in the coming years.
Grab a quick read to understand the global analysis of the MLCC market: https://www.tritonmarketresearch.com/pressrelease-details/multi-layer-ceramic-capacitors-market-analysis
FAQs
Q.1) How big is the Multi-Layer Ceramic Capacitor (MLCC) Market?
The global multi-layer ceramic capacitor market gained $12431.05 million in 2023 and is expected to generate $23863.36 million by 2032.
Q.2) What are the different Multi-Layer Ceramic Capacitor Types?
The different multi-layer ceramic capacitor types include array, general capacitor, mega-cap, serial construction, and other types.
Q.3) What is the voltage limit of a ceramic capacitor?
Ceramic capacitors are able to handle high power and high voltages. The power ceramic capacitors are especially recognized for high voltage ratings, which are ranging from 2kV to 100kV.
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Global Racing Vehicles Market Analysis by Players, Regions, Market Shares with its types and Applications Forecasts to 2030
Overview
Global Racing Vehicles Market was valued at USD 5.8 billion in 2022 and is slated to reach USD 10.4 billion by 2030 at a CAGR of 8.7% from 2023-2030.
Latest published report on the Racing Vehicles Market market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve ansignificant growth rate over the analysis period of 20Racing Vehicles Market-20Racing Vehicles Market. The report is based on an extensive study supervised by adept analysts. Their sound knowledge and expertise in the field help in unearthing of factors and figures. The report is fulfilled with a volume-wise and value-wise analysis. This type of analysis offers a better outlook regarding the movement of the market and potential of the market.
Market Segmentation
Global Racing Vehicles Market is segmented into By Racing Series, Channel. By Racing Series such as (Formula Racing, Tour Car Racing, Stock Car Racing, Sports Car Racing, Sprint Car Racing, Hill Climb Racing, Off Road Racing, Rally Racing, Track Day Racers, Others), By Channel (Broadcasting, Ticketing, Race Host Fees, Advertiser/Sponsorship, Merchandising, Others.
For a better understanding of the Racing Vehicles Market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assistkey players in assessing growth opportunities and optimally use resources provided by growth pockets.
Key Players
Tata Motors
Mercedes-Benz.
General Motors
Freightliner Trucks
BMW
Volvo
Honda
Jaguar
Ford
Toyota.
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However, the fragmented Racing Vehicles Market market has several new entrants that are giving tough competition to the established names. As a result, the Racing Vehicles Market market is opening up and is becoming active with new merger, acquisition, product launch, collaboration, innovation, and other methods. At the same time, these tactical moves depend a lot on their geographical location as the demography facilitates moves. A detail inspection of these regions has been included to simplify demographic understanding.
By Region
North America
U.S.
Canada
Mexico
Latin America
Brazil
Argentina
Colombia
Peru
Chile
Venezuela
Rest of Latin America
Europe
Germany
France
UK
Russia
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
New Zealand
Singapore
Malaysia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest Middle East & Africa
About Us:
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers.
QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence.
QualiKet Research strive hard to simplify strategic decisions enabling you to make right choice. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. Our experts provide deep insights which is not available publicly that enables you to take bold steps.
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Low-Carbon Propulsion Market Competitive Landscape: 2028
Low-Carbon Propulsion Market by Fuel Type (CNG, LNG, Ethanol, Electric and Hydrogen), Mode (Rail and Road), Vehicle Type (Heavy-Duty and Light-Duty), Rail Application (Passenger and Freight), Electric Vehicle and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The Low-Carbon Propulsion market size is projected to reach a CAGR of 21.6% from 2022 to 2028.
The emission from the vehicles is known as the propulsion. When run on petrol or diesel the emissions from vehicle are high in carbon contents and thus act as a pollutant for the environment. On the contrary when cleaner fuels like CNG are used then the emission is low in carbon contents and thus are much cleaner and less harmful for the environment.
The recent demand for low emission vehicles along with the fluctuating fuel prices are some of the factors that have supported long-term expansion for Low-Carbon Propulsion Market.
COVID-19 had a positive effect on the market, as because the preference of people have shifted from public to private transportation.
Request For Free Sample Report: https://www.delvens.com/get-free-sample/low-carbon-propulsion-market-trends-forecast-till-2028
Regional Analysis
Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies and the increased demand from the commercial sector.
Competitive Landscape
Key Players
Tesla
BYD
Nissan Motor
Yutong
Proterra
Bombardier
Siemens
Alstom
Toyota
Honda
Hyundai
Man Se
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Recent Developments
In April 2019, K12A was launched int the market by BYD.
In august 2019, Proterra Powered Vehicle electrification solutions was offered to the market by Proterra.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Low-Carbon Propulsion Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Purchase the Report at: https://www.delvens.com/checkout/low-carbon-propulsion-market-trends-forecast-till-2028
Report Scope
Low-Carbon Propulsion Market is segmented into fuel type, mode, vehicle type, electric vehicle, rail application and region.
On the basis of Fuel Type
Compressed Natural Gas (CNG)
Liquefied Natural Gas (LNG)
Ethanol
Hydrogen
Electric
On the basis of Mode
Rail
Road
On the basis of Vehicle Type
Heavy-Duty
Light-Duty
On the basis of Rail Application
Passenger
Freight
On the basis of Electric Vehicle
Electric Passenger Car
Electric Bus
Electric Two-Wheeler
Electric Off-Highway
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Automotive OEM Market Analysis by Size, Share, Growth, Trends up to 2032
As per the reports published by FMI, the global automotive OEM market share is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.
Automotive OEM (Original Equipment Manufacturer) refers to a company that designs, engineers, and produces components or systems for use in the manufacture of automobiles. An automotive OEM can be a large company that produces complete vehicles, such as General Motors, Ford, or Toyota, or a smaller company that specializes in manufacturing specific parts, such as engines, transmissions, or steering systems.
Automotive OEMs typically work closely with vehicle manufacturers to develop and produce components that meet their specifications and quality standards. They may also work with suppliers to source raw materials and parts for the production process.
Automotive OEMs play a critical role in the automotive industry, as they are responsible for producing high-quality components and systems that meet safety, performance, and environmental standards. They invest heavily in research and development to create innovative technologies that improve the performance, efficiency, and safety of vehicles.
Key Takeaways from the Automotive OEM Market
The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period.
An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market.
The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period.
The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033.
The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033.
“Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst.
For more information: https://www.futuremarketinsights.com/reports/automotive-oem-market
Competitive Landscape in the Automotive OEM Market
Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.
Some of the key companies are
Toyota Motor Corporation.
Volkswagen AG.
Nissan.
Honda Motor Co.
Magna International Inc.
Continental AG.
CIE automotive.
Siemens.
BMW AG.
Exide Industries limited.
Denso Corp.
Robert Bosch, GMbH.
Valeo
Aptiv
Ford Motor Company.
Mitsubishi Motors Corp.
Recent Developments
Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales.
In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products.
Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India.
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Automotive Keyless Entry System Market Size, Trends, Outlook, Opportunity Till 2033
Research Nester assesses the growth of global automotive keyless entry system market over the forecast period, i.e., 2023-2033, and evaluates its future prospects. Rising demand for remote keyless car central locking systems and growing use of sensors to drive market growth.
New York – October 25, 2022 - Research Nester’s recent market research analysis on “Automotive Keyless Entry System Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the global automotive keyless entry system market in terms of market segmentation by product type, sales channel, vehicle type, and by region.
Growing Prevalence of Keyless Ignition in Vehicles to Drive Growth of Global Automotive Keyless Entry System Market
The global automotive keyless entry system market is estimated to grow majorly on account of the increased rate of vehicles with keyless ignition. For instance, more than 90% of new vehicles had keyless ignition in 2019.
The market research report on global automotive keyless entry system encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
By vehicle type, the global automotive keyless entry system market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is to garner a highest revenue by the end of 2033 by growing at a CAGR of ~ 12% over the forecast period. Rise in the sale of passenger cars.
By region, the Asia Pacific automotive keyless entry system market is to generate the highest revenue by the end of 2033. This growth is anticipated by higher number of vehicles with driving-assist functions.
The research is global in nature and covers a detailed analysis of the automotive keyless entry system market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, an analysis comprising of global automotive keyless entry system market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global automotive keyless entry system market which includes company profiling of Alps Alpine Co., Ltd., Continental AG, Denso Corporation, Hella GmbH & Co. KGaA., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, Valeo, Honda Motor Co., Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global automotive keyless entry system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
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Two Wheeler Accessories Aftermarket Prospects and Growth Assessment 2032
According to FMI, the aftermarket for two-wheeler accessories will grow at a CAGR of 8.6% between 2022 and 2032. According to the report, protective gear will become the best-selling item and make up 30% of the aftermarket value of two-wheeler accessories.
Due to the rising demand for helmets and other protective gear, the total sales of two-wheeler accessories aftermarket are anticipated to surpass.
The rising demand for two-wheelers in Asia is a major factor propelling sales of two-wheeler accessories. Due to their large populations, rapid urbanisation, and rising levels of consumer disposable income, India and China are regarded as the most profitable markets for the sale of two-wheelers. As a result, there will likely be a strong demand for two-wheeler accessories to improve motorcycle performance in Asia.
China Might Continue to Hold the Upper Edge Spot in Terms of Two-Wheeler Accessory Consumption
China has the largest population in the entire world. One of the main reasons why manufacturers are concentrating on making compact and lightweight vehicles is the traffic congestion and increasing smog formation in China.
In order to address various traffic and emission issues, the Chinese government has enacted stringent regulations. Compact car adoption has increased as a result, which has increased the demand for two-wheeler accessories in the area.
Taxes Being Imposed may prevent the Use of Two-Wheeler Accessories.
The VAT and luxury taxes have significantly increased in some regional markets. For instance, Colombia's VAT increased from 16% to 19%, which had a negative effect on the scooter and motorcycle markets and restrained the expansion of the world market for two-wheeler accessories.
Key Takeaways:
By 2021, it is predicted that the aftermarket for two-wheeler accessories will reach a value of US$17.1 billion.
Over 50% of South Asia & Pacific sales are anticipated to come from India by 2031.
Over the forecast period, it is anticipated that demand will increase in the China market at a CAGR of nearly 9.6%.
In the aftermarket for two-wheeler accessories, Japan is anticipated to generate an absolute dollar opportunity of US$ 1.3 Billion between 2021 and 2031.
The market's leading category, in terms of products, is protective gear. Around $7 billion in absolute dollar opportunity is anticipated as a result.
Independent outlets should grow at a CAGR of 8.6% over the forecast period, according to FMI.
Competitive Landscape:
Companies that sell accessories for two-wheelers are working to innovate their products so that users will ride in high safety. Strategic partnership strategies are also being used by manufacturers to increase their global presence and business.
To maintain their global presence and meet the high demand for accessories, manufacturers are also concentrating on the global expansion of their manufacturing facilities.
For More Info@ https://www.futuremarketinsights.com/reports/two-wheeler-accessories-aftermarket
Recent Developments:
Yamaha Motor Company, Honda, Piaggio & C SpA, and KTM AG signed a letter of intent in March 2021 to form a consortium for swappable batteries for motorcycles and light electric vehicles.
To increase their production capacity, Hero Motocorp opened three factories in India in May 2021 in Gurugram, Dharuhera, and Haridwar.
TVS Motor Company purchased Norton Motorcycles UK and Norton Motorcycles Holdings Ltd. in April 2020 for a total of INR 1.53 billion.
In Chennai, Tamil Nadu, Yamaha Motor Company opened a new Yamaha Blue Square location in March 2020.
A new production facility will be established in Belgaum at a cost of 100 crore by Vega Auto Accessories Pvt Ltd, a well-known helmet manufacturer.
Steelbird, a maker of helmets At its plant in Baddi, Himachal Pradesh, Hi-tech India is spending 150 crore to increase production capacity.
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Electric Vehicle Market Size, Share, Demand & Trends Analysis
Market Insights:
Global Electric Vehicle Market is valued at USD 165.1 Billion in 2021 and is projected to reach a value of USD 434.4 Billion by 2028 at a CAGR of 17.5% during the forecast period.
Fuel-efficient cars are more in demand due to the recent rise in petrol and diesel prices. As a result, the growing need for high-fuel-efficient technologies drives the market for electric vehicles. According to Vantage Market Research findings, there are several significant opportunities for automakers and battery providers in the electric vehicle market. For example, automobile manufacturers can design their vehicles to operate in multiple modes, deploy charging infrastructure, and offer a wide range of features.
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Key Findings of the Global Electric Vehicles Market:
The global electric vehicle market was valued at USD 165.1 billion in 2021 and is all set to surpass USD 434.4 billion by 2028, exhibiting a CAGR of 17.5% during the forecast period 2022-2028.
Electric vehicles battery generated revenue of 70.4%, which was followed by hybrid vehicles (25.3%), and fuel cell electric vehicles (4.2%).
India is the fastest growing #electricvehicles market. As of August 2022, the country has over 1 million electric vehicles but only 1,700 public chargers. India plans to take this number from 1,700 to 47,000 by 2028 by investing over USD 163 million.
However, as the number of electric vehicles increases, charging infrastructure will become more important. In fact, 50% of all consumers who own or plan to buy an electric vehicle in the next five years say they will need an EV charger at home and at work.
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Electric Vehicles Market Top Companies Profiles:
The key players in the Global Electric Vehicle (EV) Market include- BMW Group (Germany), BYD Company Ltd. (China), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India), Daimler AG (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea)Nissan Motor Co., Ltd. (Japan), Tesla, Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), Beijing Automotive Industry Corp. (BAIC) (China), Mitsubishi Motors Corporation (Japan), Groupe Renault (France), SAIC Motor Corporation Limited (China) and others.
In 2021, more than 6.9 million EVs were sold worldwide. In which, Tesla emerged as the clear winner with the largest share of the global electric vehicle market. The company sold nearly 1 million EVs (935,950), up from about 50,366 in 2015. Volkswagen ( AG ) and General Motors Company ( GM ) are expected to be among the major leaders in 2025. Mass players in the global market for electric vehicles such as Ford, Toyota, Tata, Mahindra, Tesla, BYD and Volkswagen are already embracing many electrification trends.
Regional Insight by Vantage Market Research:
The Asia Pacific to hold the largest electric vehicle market share in 2021 Federal funding coupled with stringent regulations for market players in both developing and developed countries is fueling the growth of the Asia-Pacific electric vehicle market. Subsidies and other incentives from China's Ministry of Transport help develop low-emission bus fleets, which benefit the market.
China will be the largest market for electric vehicles with sales accounting for over 20% of the total vehicle fleet by 2025.
Europe will need around 2.9 million charging stations. The electric vehicle market in the region has more than 376,000 chargers, including fast and regular chargers. In the US, there will be more than 96,000 chargers by 2028.
Regions & Countries Covered:
North America - (U.S., Canada, Mexico)
Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
Latin America - (Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)
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We, at Vantage Market Research, provide quantified B2B high-quality research on more than 20,000 emerging markets, in turn, helping our clients map out the constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end-to-end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies. The company provides high-quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.
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Honda Cars India records 9,400 units (domestic sales) in October 2023
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered monthly domestic sales of 9,400 units in Oct’23 backed by strong demand for its new SUV Honda Elevate. The export numbers for HCIL stood at 3,683 units in Oct’23.
Sharing thoughts on the monthly sales performance, Mr. Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said,
“There is a…
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Electric Vehicle Market 2022 Future Trend, Growth rate, Opportunity, Industry Analysis to 2027
The report titled Electric Vehicle Market offers detailed insights on the Electric Vehicle industry entailing key information on its different market segments. The report gives an industry overview from around the world and covers the latest trends, market restraints, and investment opportunities, and conducts exclusive interviews of the Electric Vehicle industry leaders to contribute to the report’s findings. The report discusses the buyers’ requirements and suggests strategic actions & business changes accordingly to the market players. Moreover, the natural, internal, and external barriers to progress are given in the report. The wider business environment of the Electric Vehicle market and the industry challenges are included in the report.
Read Full Report at:
Growth prospects, leading trends, progress projections, key industries, and business innovations are the primary focus of the Electric Vehicle study. A comprehensive Electric Vehicle study is available for a number of key areas involved in the report. Furthermore, the Electric Vehicle study examines present and potential consumer positions in terms of sales based on market goods around the globe.
Key Players in the Electric Vehicle Market:
Tesla, Daimler AG, Honda Motor, Ford Motor Company, Toyota Motor Corporation, BYD, Hino Motors, Nissan Motor Corporation, Volkswagen, Bayerische Motoren Werke, Groupe Renault, General Motors and Others.
Electric Vehicle Market Types:
Electric Cars
Electric Buses
Electric Bikes and Scooters
Other
Electric Vehicle Market Applications:
Commercial
Household
Highlights of the Report:
The report gives information on all the active tenders in the Electric Vehicle industry across the globe based on different categories. The important government notifications and change in regulations according to the latest updates is provided in the report.
The market size and forecast estimates of the Electric Vehicle market is given in the report considering the economic, financial, and general business conditions prevailing in the Electric Vehicle market from 2022 to 2027.
The report demonstrates the contribution of each segment and sector in the improvement of Electric Vehicle market share, market size, and CAGR.
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Regional Electric Vehicle Market (Regional Output, Demand & Forecast by Countries):
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.
Why Purchase This Market Research Report?
Critical issues and challenges the Electric Vehicle market will be facing in the forecasted years are identified in the report to help market players align their business decisions and strategies accordingly.
The report identifies key trends facing the Electric Vehicle market.
Trends responsible for global and regional economic growth of the Electric Vehicle market are highlighted in the report to help market players in a critical understanding of the future of the Electric Vehicle market.
The report conducts an assessment of the production and operational practices taking place in the marketplace.
The report presents the challenges faced by the leading geographies and nations from the pandemic and their reorientation of policies to survive the market.
The Report Attempts to Answer the Following Questions:
What will be the financial performance of North America, APAC, Europe, and Africa in the Electric Vehicle market in 2022 and beyond?
Which companies are likely to succeed in the Electric Vehicle market with the help of foreign companies, mergers and acquisitions and new product launches?
What are the strategy recommendation and business models for emerging market players?
Which are the Electric Vehicle market’s largest manufacturing firms and most competitive firms?
Thanks for showing interest in the Electric Vehicle Market research publication; you can also get individual chapter-wise sections or region / Country report versions like Germany, France, China, LATAM, GCC, North America, Europe, or Asia.
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IndustryDataAnalytics is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resources, automobile, IT, technology and media, food and beverages, and consumer goods, among others.
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#Electric Vehicle Market#Electric Vehicle Market Analysis#Electric Vehicle Market Top Companies#Electric Vehicle Market Research#Electric Vehicle Market Trends#Electric Vehicle Market Size
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Indonesia Tire Market Size, Analysis, Forecast 2022-2028
A recent study by the strategic consulting and market research firm BlueWeave Consulting revealed that the Indonesia tire market is anticipated to grow at a CAGR of 9.9% during the forecast period (2022-2028). The market's expected growth can be ascribed to a rising disposable income and a growing fleet of automobiles. Increasing exports of tires and the growing number of motorcycles purchased by Indonesia's middle class have led to a proliferation of the country's tire industry. Nevertheless, concerns such as fluctuating prices of raw materials required for tire manufacturing and environmental concerns related to tire disposal may negatively affect the Indonesia tire market during the forecast period.
Increasing motorcycle sales contributing to the growth of the Indonesia tire market
As a result of the prevailing road conditions and traffic congestion on Indonesia's roads, motorcycles are the most common mode of transportation in the country, used by both rich and poor. For a leading player like Honda, Indonesia has become the world's biggest two-wheeler market with sales surpassing India with 4.85 million units sold in 2020 by PT Astra Honda Motor. With the increase in production and sales of two-wheelers, demand for tires is sure to rise across the country.
Good Macroeconomic Conditions Contribute to the market’s growth
Indonesia is the world’s fourth most populous nation and the largest economy in Southeast Asia. Following the disruptions caused by the pandemic, the national GDP of Indonesia is forecast to grow by more than 5% in 2022 and 2023 according to OCED (The Organisation for Economic Co-operation and Development). Furthermore, according to the German-Indonesian Chamber of Commerce and Industry, the automotive industry accounts for 8.3% of the manufacturing industry and 1.6% of the Indonesian economy. With the growth of automobiles, especially two-wheelers, there will be increased demand for tires in Indonesia. Also, due to the government's introduction of import quota regulations, an increase in exports has been observed. According to the UN Comrade, as of 2017, the Indonesian archipelago ranked eighth in the world in the export of passenger car tires, just behind France. Moreover, due to favorable FDI and the availability of raw materials, such as rubber, manufacturers are planning to expand their business in Indonesia, which contributes to the growth of the Indonesia tire market.
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The two-wheeler segment is expected to witness tremendous growth in upcoming years.
Based on applications, the Indonesia tire market is segmented into passenger cars, buses, trucks, OTR (Off-the-road) mining, and two-wheelers. Out of these, the two-wheelers segment dominates the market in terms of revenue and is expected to grow at a healthy CAGR during the forecast period. Indonesia is the third-largest market for two-wheelers after India and China. With a growing middle-class population, the need for a cheaper and convenient mode of transportation has increased in the country, thereby driving the growth of its tire market. Moreover, the increasing number of female riders and congestion on Indonesian roads have all contributed to the growth of the two-wheelers segment in the country, which explains the growth of the Indonesia tire market.
The radial segment holds the largest share in the Indonesia tire market
The Indonesia tire market is segmented into radial and bias, based on tire types. The radial segment accounts for the largest share in the Indonesia tire market. Radial Tires offer numerous benefits such as lower fuel ingesting, less ground compaction and harm, and reduced machine upkeep costs. Besides this, they require less frequent replacement and give greater output, leading to the growth of this segment.
Impact of COVID-19 on Indonesia tire market
The COVID-19 pandemic has dramatically affected the Indonesian automobile industry, which hampered the country’s tire market's growth. From January to June 2020, motor vehicle manufacturers in Indonesia witnessed a drop in their production and sales. There were temporary closures and production cuts owing to shortage of workers caused by the lockdown. Supply chain disruptions also affected many companies. According to the German-Indonesian Chamber of Commerce and Industry, the production output of cars and commercial vehicles was only 2500 units in May 2020. All these factors have hampered the growth of the Indonesia tire market. The Indonesian economy, however, is likely to recover in the long run, and with rising income levels and new investments, the market will be back on track. Nevertheless, the emergence of the Omicron variant of the coronavirus poses a threat to the market.
Indonesia Tire Market - Competitive Landscape
The key players dominating the Indonesia tire market are Gajah Tunggal Tbk, Bridgestone Tire Indonesia, Multistrada Arah Sarana, Tbk. (Michelin), Inoue Rubber Co., Ltd., Suryaraya RubberIndo Industries (FDR), Timsun Rubber Tire (Weihai) Co., Ltd., Goodyear Indonesia Tbk, Sumi Rubber Indonesia, Hankook Tire Indonesia, Tiga Berlian Mandiri (Tiberman), and other prominent players. The key marketing strategies adopted by the players are new launches, collaborations, and partnerships. These strategies assist the market participants to expand their customer reach and gain a competitive edge. For instance, in August 2021, TVS Srichakra, a leading manufacturer of two and three-wheeler and off-highway tires, entered the Indonesian market, launching ‘Eurogrip Bee City’ – a range of two-wheeler tires completely customized to suit the needs of Indonesian riders.
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Is the auto industry finally switching to the fast lane?
Utility vehicle sales have overtaken those of cars for the first time. But the two-wheeler segment is still struggling to make a comeback. Here's an insight into the auto industry and its challenges
India’s automobile sector, consisting of passenger vehicles, commercial vehicles, two-wheelers, three-wheelers and quadricycles, again ended the last financial year on a bleak note.
Total dispatches from factories to dealerships declined 6% to 17.53 million units, marked by diverging performances among the segments. The sector’s sales had peaked in 2018-19 when it sold 26.26 million units.
India’s two wheeler segment was the worst hit by the pandemic and it is still showing no signs of recovery. The segment reported its lowest wholesales in the last 10 years in FY22, data from the Society of Indian Automobile Manufacturers shows.
After falling almost 18% in FY20, two-wheeler sales dipped further 13% in FY21 and another 11% last fiscal to 13.47 million units, the lowest since 2011-12. Two-wheeler dispatches are currently just 64% of the 2018-19 level when the segment scaled a high of 21.18 million units.
On the other hand, the cost of ownership of passenger vehicles (PVs) and two-wheelers has also risen substantially following a surge in fuel prices, price hikes by manufacturers to cover BS-VI costs, and costlier raw materials.
Show the visuals of Honda Activa and Hero Splendour and TVS Jupiter
The transition to BS6 norms from BS4 came into effect on April 1, 2020. This pushed vehicle prices across segments as manufacturers developed new engines that met the rigorous BS6 emission rules. In the year following the introduction of BS6 engines, the price of top models like Honda Activa and Hero Splendour and TVS Jupiter became costlier by 10 to 11,000 rupees.
Meanwhile, the passenger vehicle segment put up a strong show last year, with dispatches rising 13% to 3.07 million units. This segment has recovered to 91% of FY19 level. (below gfx for this para, convert to bar graph)
But this recovery was completely led by a stupendous growth in the sales of utility vehicles, given India is in the midst of an SUV boom. Sales of utility vehicles registered a 40% jump to 1.49 million units while passenger car sales declined by 4.8% to 1.46 million units.
India’s automakers appear to have put the challenges of Covid-19 behind them as sales surpassed 2019 levels in the month of May this year for major car makers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra. (below gfx for
Two-wheeler sales remained sluggish but they benefited from some pent up demand and wedding season in the first two months of the financial year. People returning to offices and reopening of educational institutions is also helping Two-wheeler sales this year.
Anuj Sethi, Senior Director - Ratings, CRISIL says, growth momentum in PV sales will continue this year. If not for the chip shortage, sales in FY22 would’ve been higher, he said adding that chip availability is expected to improve from the second half of this year. PV sales can touch 34 lakh units, crossing FY19 record. Income levels in rural markets were impacted in last 2 years and 2W sales expected to register 5-6% growth.
While semiconductor shortage remains the major challenge for carmakers, Maruti Suzuki Chairman RC Bhargava has said the government’s plan to make six airbags mandatory in passenger vehicles from October 1 will make small cars more expensive and drive out a chunk of potential buyers.
Providing driver and front passenger airbags in all cars is already mandatory. Adding another four airbags will increase the cost by Rs 17,600, according to auto market data provider JATO Dynamics.
In some cases, the cost could be higher as companies will be required to make engineering changes to the car's structure to accommodate the additional airbags.
Buyers of entry-level cars are much more price-sensitive compared to the bigger car segment.
Meanwhile, the government also increased the third-party (TP) motor insurance premium for various categories of vehicles with effect from June 1, which will jack up the insurance cost of cars and two-wheelers—making their on-road version more expensive.
TVS Motor Company CEO KN Radhakrishnan said this will hamper the efforts of the industry to recover.
CRISIL’s Anuj Sethi says interest rates are still attractive despite the recent repo rate hike by RBI. Further, the reliance of two-wheeler buyers on financing is also coming down. From 70% pre-pandemic, less than 50% of new two-wheelers are purchased on EMIs, he added.
On the other hand, a media report said on Thursday that India’s top listed automotive and ancillary companies have earmarked Rs 30,000 crore for capital expenditure in FY23.
Tata Motors this week signed an agreement to potentially buy Ford’s plant in Gujarat’s Sanand as it looks to ramp up its production of electric vehicles while Mahindra Group has committed Rs 15,300 crore for capex between FY22 and FY24.
Last month, market leader Maruti Suzuki had announced a new factory in Haryana, the company's third in the state entailing a total investment of 18,000 crore rupees.
Anuj Sethi, Senior Director - Ratings, CRISIL, says FY23 capex is 30-35% higher than previous year. Driven largely by OEMs in passenger vehicle space. In 2W space, investments are being directed toward EVs
Sethi says that the order backlog for passenger vehicles caused by chip shortage last fiscal year is expected to contribute to this year’s high growth. He says the backlog could be anywhere between 4-6 lakh vehicles. But this figure could be inflated because consumers tend to make multiple bookings with different companies, and not all of it would translate into sales. Sethi believes that the actual number could be closer to 3-3.5 lakh. Nevertheless, PV sales could touch a new record this year.
Sethi also said that some amount of inventory buildup is required by dealers which could help OEMs in dispatches. The normal inventory level with dealers is about 25-30 days which has now come down to 12-15 days.
For the two-wheeler segment, although the expected 5-6% growth this fiscal is not impressive, especially coming after three years of consecutive negative growth, it would still mark the beginning of a turnaround.
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सितंबर में भी बाइक-स्कूटर सेल की स्पीड पर लगी ब्रेक, देखें Splendor-Activa समेत टॉप 10 लिस्ट
सितंबर में भी बाइक-स्कूटर सेल की स्पीड पर लगी ब्रेक, देखें Splendor-Activa समेत टॉप 10 लिस्ट
हाइलाइट्स
टॉप 5 में होरी और होंडा का जलवा
बजाज प्लैटिना की बिक्री में बंपर बढ़ोतरी
बजाज पल्सर की सेल काफी घट रही है
नई दिल्ली।Bike And Scooter September 2021 Sales Report: भारतीय ऑटोमोबाइल सेक्टर की हालत इन दिनों खस्ता है और चाहे कार सेगमेंट हो या टू-व्हीलर सेगमेंट, लगभग सभी कंपनियों की कार या बाइक-स्कूटर की बिक्री में कमी देखने को मिली है। बात टू-व्हीलर सेगमेंट की करें तो बीते महीने यानी…
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